The federal agency will skip the postponed October report on the Producer Price Index and instead roll those figures into November’s report, which will be published Jan. 14, reported the Wall Street Journal.
Withholding government reports or cooking them to make them more palpable is what we in the USA have accused China of for years.
we’ve been cooking the numbers for years, witholding them is just to finally pop this bubble
dems ratfuck and build the bubble, take a couple carefully chosen social steps forward while ignoring basic growing wealth-gap/QoL shit leading to growing general disillusionment, lose to republicans after purposefully sabotaging themselves, republicans ratfuck more, pop the bubble, take a society couple steps back, dems win after, repeat
we’ve been cooking the numbers for years
Can you point to an example I can look at?
the dozen different times they’ve changed the inflation metrics to remove/reduce the effect of various “volatile” things that were…becoming to expensive…like food, and housing.
and that’s before you throw in shit like federal/state subsidies which are used to directly and artificially manipulate the price of goods for consumers, like for gas. americans hate paying more than 4$/gallon for gas, but they effectively pay alot more when consider all the subsidies
the dozen different times they’ve changed the inflation metrics to remove/reduce the effect of various “volatile” things that were…becoming to expensive…like food, and housing.
That sounds like you’re describing the Consumer Price Index and the changes made to it over time. Those changes make sense to me because at one time the money you’d spend on internet access wasn’t included because the items included predate the internet. Once it was accepted that internet is something everyone needs, they changed the metric to include it. Further, all of this is published in the open. You can read all the docs where the decisions were made and when the new metric is reflected in the data.
The changes made to the CPI haven’t “remove/reduce”'d the measured inflation number, they’ve actually increased the measured inflation, which I think we both agree is a more accurate assessment of what American consumers are facing.
This doesn’t compare to China in the past or what trump is doing now where they are simply faking numbers or withholding reports altogether.
and that’s before you throw in shit like federal/state subsidies which are used to directly and artificially manipulate the price of goods for consumers, like for gas. americans hate paying more than 4$/gallon for gas, but they effectively pay alot more when consider all the subsidies
That’s a much larger conversation that isn’t aimed at lying to people or withholding data. Yes, there is a political component where consumers don’t like to pay more for gas, but even that isn’t the main driver. The main driver is businesses need predictable prices and much of what the US Government (historically) does is making things predictable, not cheap, but predictable. With trump most of this is out the window and he’s breaking rules and screwing up the stable predictable environment businesses want and need.
Yeah, even the Lehman Brothers swaps don’t expire for another 30 years still.
I’m not sure anyone’s been “cooking the books” on inflation. There’s ample open source data. Would be pretty hard to cover it up, even if the government isn’t releasing their own figures.
That being said, they can distort things like unemployment figures by discounting under employment or people who have given up searching.
As for fiscal irresponsibility, both parties are guilty. But at the same time, of the two parties, the Democrats are more fiscally responsible. It’s a tired myth that this is not the case but Republicans are a “cut taxes and spend” party. And usually the way they spend is giving more money to the rich while shifting cost burdens to the working class. But since the USD is the global reserve currency, it’s actually impossible for the US to not rack up debt.
That being said, debt isn’t actually the real problem. The problem is under investment in industries that actually lead to future growth and enable prosperity in the 65th percentile, as opposed to a system that just allows rich people to siphon money from the economy and then tax shelter it. Which is our current system. But I use the term “industries” loosely. I’m not talking about kickbacks for corporations. I’m talking about we need subsidized healthcare and education; we need to invest in more efficient, resilient, and sustainable infrastructure; we need to invest in the industries of the future rather than continuing to subsidize the industries of yesterday.
The US does have a problem of a two party duopoly. And both parties are just the capitalist party, where the Democrats are the moderate wing and the Republicans are the far right wing. Democrats are not a left wing party, nor do they serve the interests of the working class. It’s neither through incompetence or indecision that they repeatedly fail to deliver necessary reforms that would actually help the bottom 90%. But then, that goes doubly so for the Republicans. We have to abolish the two party duopoly and get money out of politics. That would be a good start.
The Covid Approach: no reports, no problem!
Gotta start stocking up on toilet paper now!
Gee I wonder why? Maybe because he’s tanked the economy and everything fucking sucks?
this is like kids hiding their failing report cards so they still get a big christmas.
Expect more of this as, economically, what he threw up must come back down.
Edit: In the air.
Dogs eat their own throw up, its very economical.
Oops, unfortunate wording. Although his ideas are a bit like vomit in quality, and tendency to spew at everyone uninvited.
Nah, it`s poetry.
not just their own!
What happened in 2013 to delay that report? This seems really sketchy and I’m not a trump fan, just curious…
Yeah, that’s the real question. This isn’t even the weirdest thing Trump has done this week.
Best response I got so far was in 2013 there was also a government shutdown also back in August Trump claimed the numbers in the job report were “lies”.
As I said in another comment Trump sucks so much this is like #2574 of things to mock him for.
Wonder how business leaders, particularly in retail, are taking this. How are you to navigate your current and future business needs without data?
I feel like, pre-Trump, government denial like this would shake the stock market. The government is saying, “Shit’s so bad, we’re deliberately hiding it.”
And even if the government isn’t holding back the data, really is struggling to catch up after the shutdown, that’s maybe worse! “This government is such a shit how we can’t handle our basic duties.”
Anybody want to take odds on the November report release getting pushed?
It’s gonna get worse before it gets better.
